Local start-up Buckeye Silicon Inc. of Toledo has received additional funds from the state of Ohio to boost its plan to manufacture polycrystalline silicon for use by the solar-panel industry,
The Ohio Department of Development is providing a $1.3 million loan to help the firm set up a Toledo plant, buy equipment, and move toward annual production of 1,000 metric tons of solar-grade crystalline polysilicon, the staple of the solar panel industry, according to the Regional Growth Partnership, an economic development agency.
Buckeye Silicon previously received a $1.3 million loan from the Ohio Air Quality Development Authority, and a $50,000 grant from the Regional Growth Partnership's Rocket Ventures fund. Once the company chooses a site for its $3.7 million plant, it is expected to create nine jobs at first and up to 150 when full production is reached over the next 18 months, the partnership said.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.